Hyundai to Bring 100 Equus Sedans to U.S. Dealerships this Summer

It looks like New York Auto show goers must have been quite impressed with Hyundai's new Equus luxury sedan as the Korean firm is planning to ship 100 examples of its Mercedes-Benz S-Class rival to U.S. dealerships this summer. This could explain the recent sighting of an Equus with California distributor licenses plates that was spotted just outside Los Angeles. According to a report from USA Today, the idea behind Hyundai's decision is to gauge what American consumers think about the company's flagship model that was recently launched in Korea.

Hyundai believes that if it the Equus were to be successful in the States, it would hugely benefit the image of the company. "It would decisively shift public opinion in our favor. It would be the capstone," told the newspaper Oles Gadacz, a Hyundai spokesperson at the company's Research & Development complex outside Seoul.

The rear-wheel-drive Equus sits atop the Genesis in Hyundai's range and is offered with a 290HP 3.8-liter V6 and a 366HP 4.6-liter V8 while a long-wheel-base version with an even more powerful 5.0-liter V8 engine is also in the works.

The Genesis, which was Hyundai's first serious attempt in the luxury sedan segment, has sold just over 6,000 examples this year through April, according to figures released by Autodata. That's not a lot of cars if you consider that the Korean sedan is priced very competitively at $32k for the base V6 model to about $40k for fully packed V8 model. In comparison, the smaller BMW 3-Series Sedan starts from $33,600 for the entry-level 3.0-liter 328i while the rivaling 5-Series from $45,800 for the 528i.

Makes you wonder how many buyers in the U.S. would actually go well above $50k, maybe even up to the $75k range as the USA Today speculates, for a Hyundai-badged model.

In its home market, the Equus is priced from 63.7 million won (around US$51,200) for the entry level, V6-powered VS380 model and tops out at 105 million won (about US$85,000) for the V8-powered VS460 Prestige.

source: http://carscoop.blogspot.com

2010 Hyundai Equus Spotted with U.S. License Plates in Los Angeles

Hyundai may not have any official plans to import the new 2010 Equus luxury sedan in the States -at least for the time being, but an example of the Korean firm's Lexus LS-sized flagship model with California distributor licenses plates was spotted by a member of the 'Genesis Owner' community in the city of Diamond Bar, located 30 miles east of Los Angeles.

However, before you start the speculative rumors, the forum member claims that Diamond Bar " is home to many South Koreans on US corporate assignments," and that Korean domestic market cars are a common sight in the area.

The big, rear-wheel drive four-door saloon shares its underpinnings with the Hyundai Genesis and it is aimed at high-end luxury saloons such as the BMW 7-Series and the Mercedes-Benz S-Class. Currently offered only in Korea, the Equus is available with a 290HP 3.8-liter V6 and a 4.6-liter V8 delivering 366HP.

During it official unveiling at an event in Seoul in March, Hyundai said there are currently no plans to export the Equus to the North American or European markets. However, the Korean automaker brought the saloon over for show in New York in early April.

source: http://carscoop.blogspot.com

Hyundai's Having a Ball, Sonata and Tucson Driving US Sales to the Moon

According to US Hyundai CEO John Krafcik, Hyundai is looking to set an "all-time" sales record in September partially thanks to high demand for the new Sonata sedan.

Krafcik told Autonews that September "looks fantastic [for Hyundai]. The industry looks decent -- I wouldn't say great -- but I think we're going to be fine." That's because the two latest Hyundai models to arrive have been the well received Sonata and the crisp Tucson.

Due to the firm's recent product /quality blitz, sales for 2010 have risen 17% so far and should help Hyundai pass its 500,000 unit United States sales goal this year. This follows an industry-wide drop in sales after various clunker programs in which Hyundai benefited significantly, so good for them.

These sales also include the company's very conservative goals for its Lexus-fighting Equus. Regarding the Equus' target market of full-size luxury shoppers in the market for something fresh, Krafcik continued, "We recognize that's a tough segment...We're going in with a 2,000 to 3,000 units a year sales objective, which would give us a 6 to 7 percent share."

Other than the top-line Equus, the Genesis Sedan and Coupe will receive mild updates to stay up to date; on the low end, expect the Sonata and Tucson to hold down the fort until the new Accent, Elantra sedan, Veloster small coupe (see the latest spy shots here), and Azera saloon appear in the next year or so.

Expect to see more and more of these out-of-left field Hyundais in the future as the Koreans begin to take advantage of Japanese automakers' lack of direction.

By Phil Alex

Source: Autonews (sub. req.)